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Nayega Manganese Environmental Permit Granted – Exploration Permits Extended
Ferrex plc, the AIM quoted manganese and iron-ore development company focused in Africa, has announced that the Environmental Permit at the Nayega Manganese Project has been granted. The Project is located in northern Togo held through Societe Generale de Mines (SGM).
The Environmental Permit sets the conditions for the operation of the mine and is major milestone with regards to the granting of the mining permit, which is expected by the end of the year. The Environmental Permit is based on a comprehensive Environmental Impact Assessment and community consultation.
In addition, the Company has received extensions on its Prospecting Permits after relinquishing 50% of the 92,000Ha area as per the mining code. These permits have been renewed for two years and are renewable for one more period of two years subsequent to this. The Company is applying for additional ground in the area to maximise the possibilities of further exploration success. This follows positive results from recent pit sampling which is focussed on increasing the current JORC Code compliant resource of 11.0Mt @ 13.1% Mn. These results confirmed a number of exciting targets which have the potential to add substantial value to Nayega.
Ferrex Managing Director Mr. Dave Reeves said, “I am delighted to announce that the Environmental Permit has been granted for the Nayega Manganese Project and thank all involved in securing this. The renewal of the Exploration Permits also shows the support that the Company has in Togo and allows us to continue the ongoing exploration programme that is defining new manganese mineralisation outside the main Nayega deposit. We continue to focus on finalising the Definitive Feasibility Study and securing the Mining Permit before the end of this quarter and look forward to providing updates in respect to this over the coming months.”
